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ECB Officials See Communication as Toughest Challenge in July
European Central Bank officials are anxious to strike the correct tone in describing their intentions after next week’s planned increase in interest rates, according to people familiar with their thinking. Governing Council members consider communication about what will happen after the July 27 move their biggest challenge, said the people, who asked not to be identified because the discussions are private. With policymakers from across the spectrum insisting the outcome of the following meeting — in September — remains open, the task will be to avoid strong signals of either another hike or a pause. An ECB ... (full story)